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US dollar edges down on Fed rate outlook
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US dollar edges down on Fed rate outlook
Nov 20, 2025 1:51 PM

The US dollar slipped slightly against most major currencies on Thursday as expectations grew that the Federal Reserve will keep interest rates unchanged.

The move came after the release of the September nonfarm payrolls report, which showed the US economy added 119,000 jobs well above expectations of 50,000 and compared with a loss of 4,000 jobs in August.

Several Federal Reserve officials expressed a cautious tone regarding the central banks upcoming decision, saying they see the need to hold rates steady rather than cut them at the December meeting.

In trading, the dollar index fell by less than 0.1% to 100.1 points as of 19:48 GMT, after hitting a high of 100.3 and a low of 100.03.

Australian dollar

The Australian dollar fell 0.4% against its US counterpart to 0.6455 as of 19:59 GMT.

Canadian dollar

The Canadian dollar declined 0.3% against the US dollar to 0.7096 as of 19:59 GMT.

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